Travel Advisory: COVID-19 Update - Important information - Last updated January 11, 2021 View ×

BC Ferries remains committed to ensuring coastal communities have reliable access to essential goods and supplies. Our priority is the health and safety of our customers and employees, and the company will strictly adhere to provincial and federal guidelines.

We encourage our customers to continue to heed Dr. Bonnie Henry’s advice to be calm, be kind, and be safe. Our vessel and terminal staff are working hard to adjust to changing circumstances and to implement protocols and procedures that keep everyone safe and healthy. BC Ferries does not tolerate any abuse, including verbal abuse, towards its employees. A customer who abuses an employee will be denied service.

On January 7, 2021 Dr. Bonnie Henry announced an update to the COVID-19 restrictions (in effect November 7 - February 5, 2021), for more information click here. BC Ferries advises customers to avoid non-essential travel at this time – this includes travel into and out of B.C. and between regions of the province. If this new Provincial Health Officer restriction affects your travel plans please contact us to change or cancel your booking. Reservations fees for existing bookings will be refunded if travel must be cancelled as a result of Provincial Health Order (PHO) travel restrictions, please contact us in advance of travel. This applies to travel occurring during the PHO travel restriction period. 

 

Masks are mandatory

All passengers must wear non-medical masks or face coverings when at terminals and on board ferries except:

  • When inside a vehicle
  • When consuming food or drinks, provided physical distancing is maintained
  • Children under 2 years of age
  • Medical condition or disability that inhibits the ability to wear a mask
  • Persons unable to place or remove a mask without assistance
  • BC Ferries employees working behind a physical barrier or within employee only areas provided physical distancing is maintained

 

* In the event that a passenger cannot wear a mask or face covering due to medical reasons, BC Ferries may require passengers to present documentation from a healthcare professional. This is a new Transport Canada requirement for ferry operators across Canada.

Passengers are reminded to continue to maintain physical distance while wearing a mask.
 
As defined by the Public Health Agency of Canada, a mask should fit securely to the head with ties or ear loops, be made of at least two layers of tightly woven material fabric (such as cotton or linen) and be large enough to completely and comfortably cover the nose and mouth without gaping.

 

Transport Canada - Closed deck regulation - reinstatement on September 30th

The temporary flexibility Transport Canada granted ferry operators that allows passengers to remain in their vehicle on enclosed vehicle decks is being rescinded by the regulator on September 30th, 2020. Transport Canada allowed this temporary flexibility earlier this summer in response to COVID-19. BC Ferries must comply with Transport Canada regulations. Starting on September 30th, passengers loaded on enclosed lower decks will be required to leave their vehicles.

Learn more about the reinstatement of the Transport Canada regulation

View frequently asked questions

 

Transport Canada - COVID-19 screening

For any route longer than 30 minutes, BC Ferries will screen all customers for COVID-19 symptoms and restrict travel to any customer that does not meet the screening requirements, as per the federal guidelines.

Prior to entering a BC Ferries’ terminal, customers need to answer the following questions:

  1. Do you have a fever and a cough?
  2. Do you have a fever and breathing difficulty?
  3. Have you been refused boarding in the past 14 days due to a medical reason related to COVID-19?
  4. Are you the subject of a provincial/territorial or local public health order? Note: A provincial/territorial or local public health order is typically a quarantine order issued to a person who has tested positive or is presumed positive to COVID-19
  5. Are you in possession of a face covering that covers your mouth and nose, and do you agree to wear this covering when outside your vehicle at terminals and while on board ferries?

If you answer yes to any of questions 1 to 4 and/or no to question 5 above, or refuse to answer any of the questions, BC Ferries will deny you boarding. Customers not displaying symptoms and under a directive to self-isolate at home may be permitted on board but will be required to maintain physical distance by remaining in their vehicle.

BC Ferries has implemented measures in order to ensure that customers with serious medical conditions and a need for time sensitive treatments are able to continue to travel. Customers can communicate their travel needs to the ticket agent when they arrive at the terminal. Reservations are recommended, but non-reserved travel will be prioritized based on the essential travel needs.

View more details on Transport Canada’s announcement

Book in advance to avoid lengthy waits as sailings are limited. Check-in processing takes longer due to screening protocols in place.
 

Malahat Nation

Malahat Nation is currently under a Shelter in Place order that took effect January 8, 2021.

We ask that all Mill Bay ferry customers please wear a mask when on, or transiting to BC Ferries Mill Bay terminal outside of a vehicle. Commuting customers please see the request below from Malahat Nation regarding parking on Mill Bay Road.

For further information, please see malahatnation.com.

 

Northern routes

For more information on our current Northern schedules, visit bcferries.com/schedules.

Many communities served by BC Ferries have issued advisories to travelers notifying them of limited supplies, healthcare equipment and resources. These communities include Haida Gwaii, Bella Bella, Klemtu, and Bella Coola. Customers should inform themselves of local situations and remain committed to essential travel only.
For more information about travel and restrictions in these northern communities, see:

Foot passengers

When travelling, we require customers wear a face covering onboard or in our terminals. Reservations for foot passengers are available for travel between Tsawwassen - Southern Gulf Islands and our North Coast routes, and can now be made online.  On all other routes, foot passengers will be accommodated on a first come, first served basis until passenger capacity has been reached, and tickets may be purchased at the terminal.

 

BC Ferries Vacations

Customers with BC Ferries Vacation bookings affected by the COVID-19 restrictions (in effect November 7 - February 5, 2021) can contact us to change or cancel their booking. If you require immediate assistance, please contact BC Ferries Vacations at 1-888-223-3779 Ext. 3, or email vacations@bcferries.com. Vacations Call Centre business hours are:

  • Monday – Friday: 8:30 am – 5 pm
  • Weekends and statutory holidays: 9 am – 5 pm

 

Additional information

  • Customers requiring wheelchair assistance: We are unable to provide wheelchair assistance at terminals or on board ferries. If you require a wheelchair, request one at the terminal. We ask that you travel with your own wheelchair assistant if required.

  • For more information on travelling with BC Ferries during the COVID-19 Pandemic click here
  • Updates from our President and CEO Mark Collins

Vehicles with U.S. license plates travelling on the Ferries

Canada Border Services Agency is screening people entering Canada at the borders. BC Ferries does not have a mandate to restrict travel.

 

We’re in this together

We are proud of the work our dedicated employees continue to provide during this situation. Crews have been taking, and will continue to take, extra measures to ensure continued safe transport of critical goods and supplies to coastal B.C. communities. If you have a chance to relay a ‘thank-you’ to our teams online, please do.

BC Ferries provides a lifeline to remote and to coastal communities in British Columbia, and will continue to provide vital services, such as delivering medical supplies and groceries to support communities.

For more information on all the steps BC Ferries is taking during COVID-19, visit our COVID-19 response page. For more information on schedules visit bcferries.com/schedules. BC Ferries hopes to resume the levels of service customers have come to expect soon.

Read more

Investor Relations

In 2003, BC Ferries established itself as a commercial company with the ability to raise funding in Canadian bond markets. BC Ferries represents a unique infrastructure investment opportunity for bond investors.
 
  • Essential transport service/link
  • Tested light-handed regulatory framework
  • Strong competitive position
  • Planned and achievable asset renewal program
  • Financial integrity


BC Ferries ownership structure

B.C. Ferry Authority (BCFA)
 
  • Holds the single voting common share in BC Ferries
  • BCFA is an independent, no-share capital corporation created under the Coastal Ferry Act, BC
Province of British Columbia
 
  • Owns 75,477 non-voting 8% cumulative preferred shares of BC Ferries
  • Each share has a par value of $1,000, and no voting interest in BCFA or BC Ferries

Calendar of upcoming events

View calendar
Week of August 17, 2020  First Quarter 2021 Earnings Release
August 20, 2020  Annual Public Meeting
Week of November 16, 2020  Second Quarter 2021 Earnings Release
Week of February 15, 2021  Third Quarter 2021 Earnings Release
Week of June 14, 2021  Fourth Quarter 2021 Earnings Release
Week of August 16, 2021  First Quarter 2022 Earnings Release
August 19, 2021  Annual Public Meeting
Week of November 15, 2021  Second Quarter 2022 Earnings Release
Week of February 14, 2022  Third Quarter 2022 Earnings Release
Week of June 20, 2022  Fourth Quarter 2022 Earnings Release

Frequently asked questions

Find the answers to questions frequently asked by potential investors
If answers to the following questions aren’t found immediately below, the links will take you to the appropriate webpage.

Corporate information

Q: How can I learn more about the Executive Team, the current Board of Directors and governance?
A: View our Leadership page

Q: Where can I learn more about BC Ferries’ fleet?
A: The company website includes information on the current fleet and the Vessel Renewal Program.

Q: How can I keep up-to-date on company progress and significant events?
A: You can elect any of the following options to receive updates on BC Ferries:
Capital markets information

Q: When does BC Ferries announce their financial results?
A: See the Calendar of Upcoming Events section on this page.

Q: When is BC Ferries' fiscal year end?
A: Fiscal year ends March 31st.

Q: What are BC Ferries’ credit ratings?
A: See the Debt Information section on this page.

Q: How do I access BC Ferries’ regulatory filings?
A: To access BC Ferries' regulatory filings visit the SEDAR website.

Q: Can I buy BC Ferries’ stock?
A: BC Ferries does not have publicly traded stock. The B.C. Ferry Authority (“BCFA”) holds the single voting common share in BC Ferries. The Province of British Columbia owns 75,477 non-voting 8% cumulative preferred shares of BC Ferries (each with a par value of $1,000), but has no voting interest in either the BCFA or BC Ferries.

Q: Does BC Ferries have securities which are available to the public and how do I make an investment?
A: BC Ferries has issued five series of Senior Secured Bonds. As publicly traded instruments, the public is permitted to purchase these securities, however, like many corporate bonds, they have been sold to institutional investors and BC Ferries’ bonds may be difficult to purchase in the secondary market through retail brokers.

Annual reports

For fiscal years ending 2015 through 2020
PDF 5,480 KB | 120 pages
PDF 3,756 KB | 166 pages
PDF 4,276 KB | 131 pages
PDF 4,164 KB | 143 pages
PDF 4,000 KB | 136 pages
PDF 3,630 KB | 142 pages

Quarterly reports 

Fiscal year ending March 31, 2021
Quarter 1, June 30, 2020
PDF 127KB | 22 pages

Quarter 2, September 30, 2020
PDF 181 KB | 22 pages

Fiscal year ending March 31, 2020
Year end results, March 31, 2020
PDF 356 KB | 53 pages

Quarter 3, December 31, 2019
PDF 459 KB | 22 pages

Quarter 2, September 30, 2019
PDF 186 KB | 21 pages
Quarter 1, June 30, 2019
PDF 174 KB | 28 pages

Fiscal year ending March 31, 2019
Year end results, March 31, 2019
PDF 403 KB | 54 pages

Quarter 3, December 21, 2018
PDF 246 KB | 28 pages
PDF 1,295 KB | 33 pages

Quarter 2, September 30, 2018
PDF 242 KB | 28 pages

Quarter 1, June 30, 2018
PDF 175 KB | 28 pages

Fiscal year ending March 31, 2018
Year end results, March 31, 2018
PDF 377 KB | 50 pages

Quarter 3, Dec. 31, 2017
PDF 236 KB | 22 pages

Quarter 2, Sept. 30, 2017
PDF 102 KB | 20 pages

Quarter 1, June 30, 2017
PDF 199 KB | 22 pages

Fiscal year ending March 31, 2017
Year end results, March 31, 2017
PDF 380 KB | 49 pages

Quarter 3, Dec. 31, 2016
PDF 210 KB | 22 pages

Quarter 2, Sept. 30, 2016
PDF 197 KB | 22 pages

Quarter 1, June 30, 2016
PDF 147 KB | 23 pages

Business plans

View business plans
PDF 11,613 KB | 72 pages
PDF 4,770 KB | 73 pages
PDF 4,600 KB | 35 pages
PDF 5,600 KB | 27 pages
PDF 675 KB | 28 pages

Presentations

View presentations
PDF 1,410 KB | 30 pages

Debt information

View debt information

Credit ratings

Agency: Standard & Poor’s
Long-term debt rating: AA-
Outlook: Negative
Last update: December 2020

Agency: DBRS
Long-term debt rating: A (high)
Trend: Negative
Last update: May 2020
 

Bond issues

Instrument: Senior secured bonds
Amount ($ millions): 250
Coupon: 6.25
Tenor: 30 years
Maturity date: October 13, 2034
Currency: CAD

Instrument: Senior secured bonds
Amount ($ millions): 250
Coupon: 5.021
Tenor: 30 years
Maturity date: March 20, 2037
Currency: CAD

Instrument: Senior secured bonds
Amount ($ millions): 200
Coupon: 5.581
Tenor: 30 years
Maturity date: January 11, 2038
Currency: CAD

Instrument: Senior secured bonds
Amount ($ millions): 200
Coupon: 4.702
Tenor: 30 years
Maturity date: October 23, 2043
Currency: CAD

Instrument: Senior secured bonds
Amount ($ millions):200
Coupon: 4.289
Tenor: 30 years
Maturity date: April 28, 2044
Currency: CAD

Instrument: Senior secured bonds
Amount ($ millions):250
Coupon: 2,794
Tenor: 30 years
Maturity date: October 15, 2049
Currency: CAD
 

Credit facility

BC Ferries has a $155 million 5-year revolving credit facility with a syndicate of Canadian banks, maturing April 2024.

Other loans:
  • In 2005, BC Ferries entered into loan agreements, which make up to $180 million available to finance the purchase of 2 Super C class vessels. These funds were released coinciding with the conditional acceptance dates of the vessels.
  • In 2009, BC Ferries entered into a $108 million loan agreement with KfW IPEX-Bank. These funds were released coinciding with the conditional acceptance of the Northern Expedition vessel.
  • In 2015, BC Ferries entered into a $135 million loan agreement with KfW IPEX-Bank. These funds were released in 2016 and 2017 coinciding with the conditional acceptance of the three Salish Class vessels.


Prospectuses

5.74% Senior secured bonds, Series 04-1, due May 27, 2014 (published May 19, 2004)
 
PDF 940 KB | 104 pages
PDF 1,076 KB | 106 pages

6.25% Senior secured bonds, Series 04-4, due Oct. 13, 2034 (published Oct. 5, 2004)
 
PDF 437 KB | 106 pages
PDF 586 KB | 107 pages


Master trust indenture

PDF 540 KB | 148 pages

Useful links

SEDAR
British Columbia Ferry Commission
B.C. Ferry Authority
Standard & Poor’s
DBRS
Executive compensation disclosure report
View current news releases
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Head Office    
Suite 500 - 1321 Blanshard Street    
Victoria, BC V8W 0B7

Email investor.relations@bcferries.com

Forward-looking statements

Documents placed on this website may contain certain forward-looking statements that relate to future events or performance. These forward-looking statements are based upon management's expectations and assumptions, and BC Ferries believes that it has a reasonable basis for making such forward-looking statements.

These forward-looking statements are made as of the date of the document in which they are contained, and are based upon information then available. If management's expectations and assumptions prove to be incorrect, or factors change, then actual results could differ materially from the forward-looking information contained in such documents.

In addition, forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those anticipated. The risks and uncertainties include those associated with a marine transportation business and successfully carrying out major capital expenditure projects with respect to:  
  • Our vessel and terminal infrastructure
  • Risks related to operating in a highly regulated industry
  • Risks related to future traffic levels and resulting tariff revenue
  • Other risks described in our annual management’s discussion and analysis
Consequently, readers are cautioned not to place undue reliance on forward-looking statements.

Disclaimer

The opinions, estimates or forecasts made by rating agencies or analysts about BC Ferries do not represent the opinions, estimates or forecasts of BC Ferries itself. BC Ferries does not endorse or concur with such opinions, estimates or forecasts, or with any recommendations made by analysts.